Real Estate in Bologna, Italy
Last updated on Aug 15, 2024
Summary: The average cost of a nice 2 bedroom home in Bologna, Italy is around €200,000, while a nice 3 bedroom home can cost around €250,000. These properties typically include modern amenities such as air conditioning, central heating, and a fully equipped kitchen. Some may also include a balcony or terrace. There are no restrictions on foreign ownership for properties in Bologna. Expats should search for a home to buy in Bologna by researching the local real estate market, consulting with a real estate agent, and attending open houses. The most desirable neighborhoods in Bologna include San Donato, San Vitale, and San Ruffillo. These areas are known for their vibrant culture, excellent restaurants, and easy access to public transportation.
How do I find a place to live in Bologna?
We asked expats how they chose their neighborhood and found a place to live. They answered:
"One of the best ways to find a place to live in Bologna is to search online for rental listings. There are many websites that offer listings for apartments, houses, and other types of accommodation in the city. Additionally, you can also search for rental listings in local newspapers and magazines. Additionally, you can also ask friends and family who live in the area for recommendations. Finally, you can also contact local real estate agents who specialize in rental properties in Bologna," said one person in Bologna.
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What is a typical expat home or apartment like in Bologna?
"Expat homes and apartments in Bologna are typically spacious and modern, with high ceilings and large windows that let in plenty of natural light. Many of the apartments have balconies or terraces, offering stunning views of the city. The interiors are often decorated with contemporary furnishings and artwork, and the kitchens are usually well-equipped with modern appliances. Expats in Bologna can also expect to find plenty of amenities in their neighborhoods, such as restaurants, cafes, and shops," said one person in Bologna.
"Let's say this answer depends A LOT on your budget and where you decide to live in the city. And if you can find something. Bolognesi have found a cash cow with Airbnb," said one expat who made the move to Bologna.
What is the average cost of housing in Bologna?
If you are thinking about moving to Bologna, cost of living in probably a key consideration. Expats commented about the cost of housing:
"The cost of housing in Bologna is generally quite reasonable compared to other cities in Europe. The average cost of renting an apartment in Bologna is around €700-900 per month, depending on the size and location of the property. Buying a property in Bologna is also relatively affordable, with the average price for a one-bedroom apartment being around €100,000," said one person in Bologna.
Should I buy or rent a home in Bologna?
If you have not spent a lot of time in Bologna, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision:
"Buying a home in Bologna can be a great investment. The city is known for its rich culture, vibrant nightlife, and delicious cuisine. The cost of living is relatively low compared to other cities in Italy, making it an attractive option for those looking to purchase a home. Renting a home in Bologna can also be a great option, as it allows you to experience the city without the commitment of buying a home. Additionally, the rental market in Bologna is quite competitive, so you may be able to find a great deal on a rental property. Ultimately, the decision to buy or rent a home in Bologna will depend on your individual needs and preferences," said one person in Bologna.
What do I need to know when buying property in Bologna?
When we asked expats what advice they would give a foreigner before buying a property in Bologna, they said:
"1. It is important to research the area you are interested in buying property in, to ensure it is the right fit for you. 2. Make sure to get a professional surveyor to inspect the property before you buy it, to ensure there are no hidden problems. 3. Consider the cost of living in the area, as well as the cost of utilities, taxes, and other expenses. 4. Be aware of the local laws and regulations regarding property ownership and rental agreements. 5. Make sure to get a lawyer to review any contracts or agreements before signing them. 6. Consider the potential for rental income if you are looking to buy an investment property. 7. Be aware of the local customs and culture when buying property in Bologna," explained one person living in Bologna, Italy.
Are foreigners allowed to own property in Bologna?
When we asked expats what advice they would give a foreigner before buying a property in Bologna, they said...
"Yes, foreigners are allowed to own property in Bologna. Non-Italian citizens are able to purchase property in Italy, provided they have a valid residence permit. The process of purchasing property in Italy is similar to that of other countries, and involves obtaining a mortgage, signing a purchase agreement, and registering the property with the local land registry. Foreigners may also be required to obtain permission from the Italian government before they can purchase property in certain areas," explained one foreigner living in Bologna, Italy.
What appliances are typically included in a rental?
We asked foreigners in Bologna what appliances are typically included in a rental, and, if there is anything else included or not included that a newcomer would not expect. Replies included:
"Rental properties in Bologna typically include a refrigerator, stove, oven, and washing machine. Other common appliances may include a dishwasher, microwave, and air conditioning unit," remarked one foreigner who made the move to Bologna.
Additional Information about Searching for a Home in Bologna:
We asked foreigners in Bologna what appliances are typically included in a rental, and, if there is anything else included or not included that a newcomer would not expect. Replies included...
"Expats looking for homes in Bologna can search online for real estate listings, contact local real estate agents, or look for rental postings on websites such as Airbnb or HomeAway. Additionally, expats can join online forums and social media groups to connect with other expats in the area and ask for advice on finding a home," explained one foreigner living in Bologna, Italy.
About the Author
Betsy Burlingame is one of the founders of Digital Nomad Exchange and the Founder and President of Expat Exchange. She launched Expat Exchange in 1997 as her Master's thesis project at NYU. Prior to Expat Exchange and Digital Nomad Exchange, Betsy worked at AT&T in International and Mass Market Marketing. She graduated from Ohio Wesleyan University with a BA in International Business and German.
Some of Betsy's articles include 12 Best Places to Live in Portugal, 7 Best Places to Live in Panama and 12 Things to Know Before Moving to the Dominican Republic. Betsy loves to travel and spend time with her family. Connect with Betsy on LinkedIn.
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